US · USD

DOV

Dover Corporation

$191.40+0.90% ($1.71)
Day's range
$188.28 – $192.50
Day's volume
$66.6M
52-week range
$159.53 – $231.59

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DOV in numbers

Market cap
$25.8B
P/E
22.72
P/B
3.35
Dividend yield (12m)
1.09%
Net debt/EBITDA
2.18

The 12-month dividend yield of DOV is 1.09%, below its 5-year average of 1.21%.

DOV price history

10/06/202510/05/2026
Compare with

DOV risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+4.07%+39.69%+23.86%
Volatility (annualized)23.60%21.06%23.87%
Largest drawdown-16.96%-18.29%-35.10%
Positive months7/1221/3632/60

How much did investing in DOV return?

$1,000.00 invested on 11/01/2021 would be worth $1,238.62 today.

Value today in DOV
$1,238.62
Return over the period
+23.86%
Return per year
+4.44%
In the S&P 500
$1,705.25

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

DOV fundamentals

Valuation

  • P/E
    22.72
  • P/B
    3.35
  • EV/EBITDA
    16.43
  • EV/EBIT
    20.96
  • EV/Revenue
    3.54
  • P/EBIT
    18.19
  • P/S
    3.07
  • P/OCF
    —
  • P/FCF
    —
  • Earnings yield
    4.77%
  • PEG ratio
    —
  • Earnings per share
    $8.43
  • Book value per share
    $57.20

Debt

  • Net debt
    $3.9B
  • Net debt/EBITDA
    2.18
  • Net debt/Equity
    0.51
  • Debt/Equity
    0.51
  • Current ratio
    1.98
  • Quick ratio
    1.41
  • Cash ratio
    —

Efficiency

  • Gross margin
    39.58%
  • EBITDA margin
    21.52%
  • Operating margin
    16.87%
  • Net margin
    13.48%
  • Asset turnover
    0.61

Profitability

  • ROE
    14.73%
  • ROA
    8.29%
  • ROIC
    8.05%
  • Payout
    24.75%

Growth

  • Revenue CAGR (5 years)
    2.54%
  • Earnings CAGR (5 years)
    5.22%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is DOV's fair price?

Two classic value formulas, with today's numbers. The current price is $191.40.

Graham's fair price
$104.13
45.59% below the price

√(22.50 × $8.43 × $57.20)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$33.83
82.32% below the price

$2.03 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

DOV's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E24.079.5420.3617.7623.2826.5424.5418.03
P/B3.563.704.214.416.245.365.49—
EV/EBITDA17.3218.8316.3914.8118.6317.1015.4811.59
Dividend yield1.06%1.09%1.32%1.48%1.10%1.56%1.68%2.55%
Earnings per share$8.11$19.65$7.55$7.63$7.80$4.76$4.70$3.93
Book value per share$54.91$50.68$36.50$30.68$29.08$23.57$21.01—
ROE14.77%38.79%20.70%24.85%26.82%20.19%22.35%—
ROIC9.59%9.35%11.96%12.23%14.06%12.66%13.74%—
Gross margin39.77%38.20%37.32%37.03%37.56%37.02%36.73%36.61%
EBITDA margin21.66%19.94%19.84%20.08%19.88%18.13%17.48%16.10%
Net margin13.52%34.82%13.75%13.58%14.21%10.23%9.50%8.16%
Net debt/EBITDA2.302.162.272.801.992.142.142.46

DOV's financial statements

Line202520242023202220212020
Net revenue$8.1B$7.7B$7.7B$7.8B$7.9B$6.7B
Cost of revenue-$4.9B-$4.8B-$4.8B-$4.9B-$4.9B-$4.2B
Gross profit$3.2B$3B$2.9B$2.9B$3B$2.5B
EBITDA$1.8B$1.5B$1.5B$1.6B$1.6B$1.2B
EBIT$1.4B$1.2B$1.2B$1.3B$1.3B$933M
Financial result——————
Income before tax$1.4B$1.8B$1.1B$1.2B$1.4B$841.7M
Income tax-$276.8M-$357M-$179.1M-$200.3M-$277M-$158.3M
Net income$1.1B$2.7B$1.1B$1.1B$1.1B$683.5M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does DOV pay dividends?

Dividend yield per year

  • 1.80%2017
  • 2.55%2018
  • 1.68%2019
  • 1.56%2020
  • 1.10%2021
  • 1.48%2022
  • 1.32%2023
  • 1.09%2024
  • 1.06%2025
  • 0.82%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/28/202609/15/2026$0.53
Dividend05/28/202606/15/2026$0.52
Dividend02/26/202603/13/2026$0.52
Dividend11/27/202512/15/2025$0.52
Dividend08/28/202509/15/2025$0.52
Dividend05/29/202506/16/2025$0.52
Dividend02/27/202503/14/2025$0.52
Dividend11/28/202412/16/2024$0.52
Dividend08/29/202409/16/2024$0.52
Dividend05/30/202406/14/2024$0.51
Dividend02/27/202403/15/2024$0.51
Dividend11/28/202312/15/2023$0.51
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/29/202309/15/2023$0.51
Dividend05/29/202306/15/2023$0.51
Dividend02/24/202303/15/2023$0.51
Dividend11/28/202212/15/2022$0.51
Dividend08/29/202209/15/2022$0.51
Dividend05/26/202206/15/2022$0.50
Dividend02/24/202203/15/2022$0.50
Dividend11/26/202112/14/2021$0.50
Dividend08/27/202109/15/2021$0.50
Dividend05/26/202106/15/2021$0.50
Dividend02/24/202103/15/2021$0.50
Dividend11/26/202012/14/2020$0.50
Dividend08/27/202009/15/2020$0.50
Dividend05/27/202006/15/2020$0.49
Dividend02/26/202003/16/2020$0.49
Dividend11/26/201912/16/2019$0.49
Dividend08/28/201909/16/2019$0.49
Dividend05/29/201906/17/2019$0.48
Dividend02/26/201903/15/2019$0.48
Dividend11/28/201812/17/2018$0.48
Dividend08/29/201809/17/2018$0.48
Dividend05/29/201806/15/2018$0.47
Dividend02/26/201803/15/2018$0.38
Dividend11/28/201712/15/2017$0.38
Dividend08/28/201709/15/2017$0.38
Dividend05/25/201706/15/2017$0.36
Dividend02/23/201703/15/2017$0.36
Dividend11/25/201612/15/2016$0.36

About Dover

Sector
Manufacturing

Questions about DOV

How much is DOV today?

DOV is at $191.40 (0.90% on the day), last traded on 10/05/2026.

How much did DOV pay in dividends in 2025?

DOV paid $2.07 per share in 2025, a dividend yield of 1.06%.

What are the P/E and P/B of DOV?

DOV trades at a P/E of 22.72 and a P/B of 3.35.

How much did DOV return in 12 months?

DOV returned 4.07% in 12 months, with annualized volatility of 23.60% and a largest drawdown of -16.96%.